3-bed · 1,991 sqftShams 2, Jumeirah Beach Residence · 19th floor · completed 2007

1903, Shams 2

Sold prices and rental history: sold 3 times, last in March 2018, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1903 · DLD and Ejari recordsUpdated 27 July 2024
Last soldAED 2M1 March 2018
Current rentAED 185K /yr27 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1903, Shams 2

What is 1903 worth today?

Last sold for AED 2,000,000 in 2018

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27 Jul 2024RentedRenewal
AED 185,000/yr12 months · AED 93 per sqft
27 Jul 2023RentedNew contract
AED 180,000/yr12 months · AED 90 per sqft
19 May 2022RentedNew contract
AED 150,000/yr12 months · AED 75 per sqft
1 Mar 2018SoldReady
AED 2,000,000AED 1,004 per sqft
1 Jun 2017RentedRenewal
AED 210,000/yr12 months · AED 105 per sqft
1 Jun 2016RentedNew contract
AED 210,000/yr12 months · AED 105 per sqft
20 Feb 2014SoldReady
AED 2,450,000AED 1,230 per sqft
22 Dec 2011Sold by developerReady
AED 1,655,000AED 831 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 27 July 2024.

Key facts

Type
3-bed apartment
Size
1,991 sqft
Floor
19th of 41
Parking
G167,G168
Developer
Dubai Properties
Completed
2007
Service charge
AED 36,600 /yr
Last sold
AED 2M · March 2018
Building
Shams 2

About 1903, Shams 2

1903 is a three-bedroom apartment of 1,991 sqft on the 19th floor of Shams 2, a 41-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 1 March 2018 for AED 2,000,000, or AED 1,004 per sqft, in line with the AED 1,004 three-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 5 Ejari contracts. The current contract, renewed on 27 July 2024, is AED 185,000 a year: a gross yield of 9.3% on the 2018 price, before the service charge of about AED 36,600 a year.

Sales and rents for 1903 over time

Sales
Unit 1903, each saleTypical three-bed in Shams 2
1.5M2M2.5M2007201220172022Typical sale price by year: 2007 AED 1,655,000; 2008 AED 1,655,000; 2009 AED 2,123,338; 2012 AED 1,700,000; 2014 AED 2,690,000; 2022 AED 1,974,656; 2023 AED 2,140,000; 2025 AED 2,600,000Sold by developer, December 2011: AED 1,655,000 (AED 831 per sqft)Sold, February 2014: AED 2,450,000 (AED 1,230 per sqft)Sold, March 2018: AED 2,000,000 (AED 1,004 per sqft)

1903 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1903, each contractTypical three-bed in Shams 2
100K200K2012201620202024Typical rent by year: 2012 AED 120,000; 2013 AED 120,000; 2014 AED 141,750; 2015 AED 150,000; 2016 AED 150,000; 2017 AED 150,000; 2018 AED 137,500; 2019 AED 120,000; 2020 AED 95,000; 2021 AED 92,500; 2022 AED 122,666; 2023 AED 140,000; 2024 AED 155,000; 2025 AED 160,000New contract, June 2016: AED 210,000 a yearRenewal, June 2017: AED 210,000 a yearNew contract, May 2022: AED 150,000 a yearNew contract, July 2023: AED 180,000 a yearRenewal, July 2024: AED 185,000 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Shams 2, and where 1903 sits

All 41 3-beds →

1903 last sold in March 2018 at AED 1,004 per sqft, in line with what three-beds in Shams 2 were fetching at the time (AED 1,004). Over the last 12 months three-beds sold for AED 2,600,000, around AED 1,306 per sqft, and rent for AED 170,000 to 170,000 a year.

Recent 3-bed salesUnit no.Price (AED)Summary
27 May 20252,600,000
23 Apr 20252,570,000
4 Mar 20252,650,000
21 Aug 20232,408,109
1 3-bed sale in the last 12 months

Shams 2

Building

154 apartments, 1-bed to 3-bed over 41 floors in Jumeirah Beach Residence, completed in 2007 by Dubai Properties. 3 sold in the last 12 months.

Typical price per sqft
AED 1,556
Typical sale
AED 2.6M
Typical rent
AED 135K /yr
Typical yield
6.3%
Shams 2, Jumeirah Beach Residence: prices, sales and rents →

Other units on the 19th floor

All 154 units in Shams 2
Value
19013-bedAED 1.85M · Oct 2022
19022-bedAED 1.81M · Jan 2008
19042-bedAED 1.55M · Nov 2021

1903, Shams 2 in numbers

  • Sold 3 times: first on 22 December 2011 for AED 1,655,000, last on 1 March 2018 for AED 2,000,000 (AED 1,004 per sqft).
  • Rented since June 2016 on 5 Ejari contracts. The rent fell from AED 210,000 to AED 150,000 in 2022 and recovered to AED 185,000 by July 2024.
  • At AED 185,000 a year the gross yield on the 2018 price is 9.3%, before a service charge of about AED 36,600 a year (AED 18.38 per sqft).
  • Three-beds in Shams 2 sold for AED 2,600,000–2,600,000 in the 12 months to November 2026; the building's median across all types is AED 1,556 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 27 July 2024.

Questions about 1903, Shams 2

What did unit 1903 last sell for?

AED 2,000,000 on 1 March 2018: AED 1,004 per sqft for 1,991 sqft. The unit has 3 registered sales; the first was AED 1,655,000 in December 2011.

What is the rent for unit 1903?

AED 185,000 a year on the contract renewed on 27 July 2024. The previous contract, from July 2023, was AED 180,000; the unit has been rented since June 2016.

How big is unit 1903?

1,991 sqft (185.0 sqm): a three-bedroom apartment on the 19th floor of a 41-storey tower completed in 2007.

What is unit 1903 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Shams 2 sold for AED 2,600,000 to 2,600,000 in the last 12 months, around AED 1,306 per sqft.

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Mortgage on 1903, Shams 2

Starts from the last sale price (AED 2M, 1 March 2018). Switch to today's estimate once you have unlocked it.
Price
AED 2,000,000
Deposit, UAE resident (20%)
AED 400,000
Deposit, non-resident (40%)
AED 800,000
Monthly over 25 years at 3.7%
AED 8,183

Plus AED 89,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →